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You purchased 10 shares of Goldman Sachs stock for $1,200 last year which is now valued at $1,500. Assuming you face a tax rate of 15% on your capital gains, then you owe [answer1] in capital gains tax on your 10 shares if you continue to hold the stock today, and you owe [answer2] in capital gains tax on your 10 shares if you sell the stock today.

Among countries with similar steady-state levels of output, the tendency for poorer countries to grow faster than richer countries is called

According to the Solow model, the reason the United States has experienced sustained economic growth for over 200 years is mostly due to which of the following?

Refer to the figure above. In the figure, assume the initial real growth rate of the economy is 3% (at it’s potential growth rate) when a negative aggregate demand shock shifts the AD curve from to . As a result, the Fed responds by increasing the money supply such that spending growth increases by exactly 10 percentage points. Which of the following is TRUE about the Fed’s policy response?

Inflation refers to an increase in [answer1]. If the Consumer Price Index (CPI) was 237 last year and is now 243, then the inflation rate was approximately [answer2].

If a country’s saving preference increased from 20 percent to 25 percent of disposable income and it was operating at its steady-state before the change, we would expect to see                      in the steady-state per capita capital stock and                        in the steady-state level of real GDP per capita (Draw the graph!).

Imagine a free market in which at a price of $10, quantity supplied is 50 units and quantity demanded is 40 units. The equilibrium price in this market

The supply curve for oil slopes upward because

Since polio is almost eradicated, the strain of the live Sabin polio vaccine that may be removed from the vaccine is type [type] _____ since it has [numMut]_____ mutations compared to wild-type.

The money you pay into Social Security goes to: